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Investor Relations

The eVTOL Market

“We see the market beginning as an ultra-niche add-on to existing transportation infrastructure, similar to how helicopters operate today, ”

“It eventually transforms into a cost-effective, time efficient method of traveling short to medium distances, eventually taking share from car and airline companies.”

Morgan Stanley report on Urban Aviation


The report projects a total addressable market of

$1.5 trillion

for autonomous aircraft by 2040, creating opportunities for investors and benefiting a host of sectors along the way.

EVTOL could initially gain market share from cars on the road, planes and public transportation. However, it could also open up a whole new world of business across multiple sectors. In its base case, these opportunities point to a total addressable market of $1.5 trillion by 2040. A more bullish forecast places the market at $2.9 trillion.



Urban Air Mobility Global Total Addressable Market (in Billion)

Why Etienne?

Etienne is the Malaysian pioneer in the design and development of eVTOL aircraft and aspires to lead the Advanced Air Mobility development (AAM) in Southeast Asia. The company is positioning itself not only as an eVTOL aircraft builder but also as a solution provider to the advanced aircraft ecosystem in this region. Etienne envisions growing as a technology company that will transform Malaysia's aviation industry in the near future.

Etienne Innovation is currently developing a new one-of-a-kind, clean transportation mode in the form of a Heavy-lift Multicopter code-named ETN200-XA. This is an aircraft that will be a smarter and more efficient solution to goods delivery in urban areas. ETN200-XA is designed to carry up to 200kg payload and travel up to 45km on a single charge. It is developed based on three main principles; advanced aerial vehicle technology, low-impact ground infrastructure, and an innovative operations model. The aircraft is a future electric eVTOL air transport intended for flights between existing airports, rural locations, and new inner-city bases.

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